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August 15.2025
2 Minutes Read

Exciting Developments in Coconut Grove: Meta's $28M Condo Project

Meta Development scores $28M loan to build Coconut Grove condos

Meta Development Secures Major Funding for New Coconut Grove Condos

In an exciting development for the Coconut Grove community, Meta Development has successfully secured a whopping $28 million construction loan from Arixa Capital to bring the boutique condominium project, Opus, to life. The project aims to transform the site of a former rental townhome complex into an elegant six-story building that will house 12 upscale units, including two exquisite penthouses.

Coconut Grove: A Developing Hub for Luxury Living

Located at 3127 Southwest 27th Avenue, Opus is designed by renowned Brazilian architect João Armentano, in collaboration with Kobi Karp Architecture & Interior Design. With 50 percent of the units already presold, there is a clear surge in buyer interest in the luxury segments of the Coconut Grove market. Units will range from 1,900 to 2,600 square feet, with price tags starting at $2.8 million.

Community Amenities Set to Enhance Living Experience

The amenities at Opus promise to exceed purchasers’ expectations. In addition to standard facilities like a pool and fitness center, Opus will feature unique offerings such as private business suites, a children’s center, and an innovative autonomous parking system equipped with electric vehicle charging bays. These developments signal a significant shift towards modern and sustainable urban living.

Market Dynamics and Future Trends

The growth of luxury condos like Opus is part of a larger trend within Coconut Grove, as developers explore the redevelopment potential of older buildings. Recently, firms like Mast Capital and BH Group have engaged in similar buyouts to breathe new life into older condominiums, showcasing a robust appetite for upscale living spaces.

Take Note: A Flourishing Market Ahead for Buyers

As the completion of Opus is anticipated in 2027, it’s crucial for potential buyers and investors to stay informed about the vibrant property landscape evolving in Coconut Grove. If you're a Florida home owner or considering purchasing property, this uptick in high-quality construction could be the catalyst for new opportunities to explore in the real estate market.

Florida News

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10.02.2025

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